HANOVER, Germany (Thomson Financial) - Continental AG board member Gerhard Lech said the automotive parts supplier is still interested in Siemens AG's VDO car parts unit and is also assessing other possible acquisitions.
'We are observing the markets and if something is up for sale which fits in well with us, then we'll go for it - if the price is right.'
Siemens AG is planning to spin off its VDO unit from May 1 and is seeking offers within the next nine days, according to a report yesterday in Financial Times Deutschland.
Lech declined to comment on the state of possible talks with Siemens.
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